A time capsule of the greatest financial mania in the history of mankind, told in real-time by regular folks and patriots. May future generations better understand the madness of crowds, and how power and money corrupt.

January 15, 2008

Nice to see Steve Forbes rip on the Bush Administration and the traitor Ben Bernanke for destroying the US dollar while running up US debt. But too bad he still just doesn't see what's coming, even though Schiff tried. He (and others) just can't seem to make that leap of faith that yes, America really is in trouble this time.

I like optimists and I think there are many things in America to be optimistic about. But dammit, if we don't change, if we don't address our problems head on, then yes, we're going to be in a heap of trouble, if it isn't too late already.

That said, when I watch Social Security, Medicaid, Medicare, out of control federal spending, foreign debt, hyperinflation, the money supply, the housing crash and the dollar meltdown even being ADDRESSED in the MSM, especially the cheerleading Fox News, I think we're getting somewhere. First step to recovery is admitting you have a problem, or at least talking about the problem.

The problems of the US can be fixed, but only if the collective consciousness changes and we start dealing with them. We're getting there. Still a long, long, long, long, long way to go. But at least some people are taking notice. Poor Schiff though - he must still feel like a voice in the wilderness.

Its obvious who Forbes "works" for and it isn't us. Forbes is a disgusting elitist whore and his pimps suck and bleed off the populous. Peter works for the hard working man and doesn't need to lie and smirk and manipulate like that snorting Morlock Forbes.

Since it began to give credit ratings to nations in 1917, Moody's has rated the United States triple-A. U.S. Treasury bonds have been seen as the most secure investment on earth. When crises erupt, nervous money seeks out the world's great safe harbor, the United States. That reputation is now in peril.

Last week, Moody's warned that if the United States fails to rein in the soaring cost of Social Security, Medicare and Medicaid, the nation's credit rating will be down-graded within a decade.

Our political parties seem oblivious. Republicans, save Ron Paul, are all promising to expand the U.S. military and maintain all of our worldwide commitments to defend and subsidize scores of nations.

Democrats, with entitlement costs drowning the federal budget in red ink, are proposing a new entitlement – universal health coverage for the near 50 million who do not have it – another magnet for illegal aliens. Moody's is telling America it needs a time of austerity, while the U.S. government is behaving like the governments we used to bail out.

Poor Schiff...yes, he's making a mint with his book and brokerage, both of which he pushes incessantly, and is parlaying it all into media celebrity, with his own show in the works. I like him and he's refreshing and smart, but he's doing just fine thanks and his venal self-shilling is very irritating.

Schiff may have some points, but Forbes and Gilder are smart guys too. The truth may be somewhere in between.

on a sidenote: I'm sick of Schiff pushing his book on every frickin' interview. All of these guys have books but they're not trying to shove it down our throat every chance they get.

You keep drinking the magic koolade. Vote for Mc shitstain. He will build our 21st century economy where all things are made on the Pacific rim and Mexican laborers tend our fields and Palacial estates while we lounge, travel and golf our lives away while generating 30% returns on our passive investments and homes. All risk has beeen eliminated in magic land so assets magically gain magic value at 20% per year. Wait a minute. I don't do LSD, so I won't buy into that shit. Get ready rich intelectual investor class. Reality is going to hand you a world class bitch slapping. Your globalist freetrader masters will be laughing at you the same way we are laughing at the masses of Americans who bought the globalists bullshit about never ending house appeciation. Buy a shovel day traders your going to need it.

george guilder doesn't belong in charge of anyone's money. he trust way too much in wishful thinking. wishful thinking only gets you so far, then reality sets in. steve forbes is a fake. the more he argues with peter, his true identity comes out and is there for all to see. conservative my ass....

I saw that show. Man the FOX retards are really clueless. Everytime Schiff tried to make them understand common sense, the host went nuts and turned to that old coot who is senile. Forbes was a tard too.

So the foundation for America's economic future is some abstract, intangible "spirit of ingenuity," an amorphous warm and fuzzy feeling about economic freedom and entrepreneurship, and a vague, second-hand account of a Horatio Alger story?

Sorry Keith, but the problems of America cannot be fixed because we live in a corporate fascism system. The shady groups will never let American change anything. Yes, you can all come with nostalgia of how America is great and resilient but the reality is right in front of you: Things are only getting worse as years go by, in every aspect: environment, immigration, economy, social, political system (i.e., Ron Paul being ousted from Faux News debate), high poverty levels, corrupt MSM, decaying educational system, broken health care system, debt, national savings, etc, etc, etc.

Sorry to break the news for all the flag waving sheeple out there, but there's no solution. You guys forget that the overall American culture is rotten and you don't change that in a few decades, which will be too late.

why are these videos 'no longer available'?????????????? every video you put up end up this way...what is going on?===========================

The video is available!

Your browser/ ISP is censoring you and LYING TO YOU about the material not being available.

I used to use a GOOGLE toolbar until I discovered that it contained hidden censoring software that blocked me from seeing politically-incorrect materials.

ARE YOU MAD AS HELL AND WANT TO FIX THIS PROBLEM. Try reformatting your hard drive and re-installing the operating system from scratch. Then do not install any upgrades to your operating system whatsoever.

Heck even installing some of the readers and flash players can cause your computer to start censoring and tracking your internet activity.

I'm in engineering and constantly travel to the Pacific Rim and India for business. I'll I can think is these guys are smoking some grade A Thai stick. If nothing else try to understand 10% of what Schiff is saying. This is going to end badly.

Peter Schiff is like the guy who screams "oh the sky is falling, the sky is falling". Peter Schiff is always pessimistic. The world needs America. Period. End of discussion. Without the U.S.A. the rest of the world is shit. America accounts for 5% of the world's population but accounts for 25% of the total wealth created. American consumers have a total net worth of 50 trillion dollars. The unemployment rate is only 5%. 5% folks!!!! I will take that any day!!!! That is the lowest unemployment rate in the entire world. It's a shame, but people like Peter Schiff, Keith, and other pessimists and Bears are ALWAYS NEGATIVE. NEVER POSITIVE. Wait till the economy turns around and you folks still will believe that the economy will turn sour. You folks are a joke.

The more I see Schiff against these supposedly 'smart' guys, the more scared I get that Schiff really is dead right.

Gilder and Forbes had nothing but empty platitudes to explain what would keep america from sinking into an economic morass. If there were really fundamentals that supported america, they would have mentioned them.

Fact: Were did get f*cked, we went from the biggest creditor nation to the greatest debtor nation in just one decade. The USSR spend 50 years trying to screw us even 1/2 as bad as what happened to the USA in the 70's.

"1987: US will crumble away and Japan will own us"

Fact: Japan did buy/take over much of the auto industry and bought many large chucks of land.

"1999: Y2K will cuase the US to go KABOOM"

Fact: Oh yea we went BOOM. The government installed the biggest most oppressive command and control structure that it even made ex-KGB jealous.

"2008: China is going to destroy us"

Fact: Chinese just started to flex their mussels in 2005 and they already own segments of our largest banks and largest corps. And they havent even started yet.